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EXHIBIT E-12
<br />CITY OF ELK RIVER, MINNESOTA
<br />SEWAGE DISPOSAL FUND
<br />COMPARATIVE STATEMENTS OF CASH FLOWS
<br />YEARS ENDED DECEMBER 31, 2000 AND 1999
<br />CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
<br />Operating transfer to other funds (20,336) (8,000)
<br />CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITES
<br />Acquisition of fixed assets (99,143) (129,359)
<br />Principal paid on bonds (170,000) (160,000)
<br />Interest paid on bonds (180,485) (188,914)
<br />NET CASH USED BY CAPITAL AND
<br />RELATED FINANCING ACTIVITIES (449,628) (478,273)
<br />CASH FLOWS FROM INVESTING ACTIVITIES
<br />Interest on investments 190,115 85,691
<br />NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 793,159 378,042
<br />CASH AND CASH EQUIVALENTS, JANUARY 1 2,634,965 2,256,923
<br />CASH AND CASH EQUIVALENTS, DECEMBER 31 $ 3,428,124 $ 2,634,965
<br />SCHEDULE OF NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES
<br />Amortization of bond discount $ 3,016 $ 3,015
<br />Disposal of fixed assets 29,847 -
<br />78
<br />2000
<br />1999
<br />CASH FLOWS FROM OPERATING ACTIVITIES
<br />Operating income
<br />$ 120,786
<br />$ 105,083
<br />Adjustments to reconcile operating income
<br />to net cash provided by operating activities -
<br />Other income related to operations
<br />632,586
<br />371,671
<br />Depreciation
<br />318,946
<br />316,064
<br />(Increase) decrease in assets:
<br />Accounts receivable
<br />-
<br />70
<br />Due from other funds
<br />(10,506)
<br />(5,787)
<br />Increase (decrease) in liabilities:
<br />Accounts payable
<br />7,851
<br />(3,912)
<br />Salaries and benefits payable
<br />3,345
<br />(4,565)
<br />NET CASH PROVIDED BY OPERATING ACTIVITIES
<br />1,073,008
<br />778,624
<br />CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
<br />Operating transfer to other funds (20,336) (8,000)
<br />CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITES
<br />Acquisition of fixed assets (99,143) (129,359)
<br />Principal paid on bonds (170,000) (160,000)
<br />Interest paid on bonds (180,485) (188,914)
<br />NET CASH USED BY CAPITAL AND
<br />RELATED FINANCING ACTIVITIES (449,628) (478,273)
<br />CASH FLOWS FROM INVESTING ACTIVITIES
<br />Interest on investments 190,115 85,691
<br />NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 793,159 378,042
<br />CASH AND CASH EQUIVALENTS, JANUARY 1 2,634,965 2,256,923
<br />CASH AND CASH EQUIVALENTS, DECEMBER 31 $ 3,428,124 $ 2,634,965
<br />SCHEDULE OF NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES
<br />Amortization of bond discount $ 3,016 $ 3,015
<br />Disposal of fixed assets 29,847 -
<br />78
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